Prudential (LON:PRU) Earns “Overweight” Rating from Barclays

Barclays reiterated their overweight rating on shares of Prudential (LON:PRU) in a research report released on Monday, Borsen Zeitung reports. They currently have a GBX 2,088 ($27.28) target price on the financial services provider’s stock.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada reiterated a sector performer rating on shares of Prudential in a research note on Thursday, August 15th. Deutsche Bank reiterated a buy rating on shares of Prudential in a research note on Tuesday, September 3rd. Shore Capital reiterated a buy rating on shares of Prudential in a research note on Thursday, July 4th. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 1,761 ($23.01) target price on shares of Prudential in a research note on Tuesday, September 3rd. Finally, UBS Group reiterated a buy rating on shares of Prudential in a research note on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of GBX 1,974.30 ($25.80).

PRU stock opened at GBX 1,500.50 ($19.61) on Monday. The business has a 50-day moving average price of GBX 1,481.78 and a 200 day moving average price of GBX 1,609.28. Prudential has a 1-year low of GBX 1,299.50 ($16.98) and a 1-year high of GBX 1,819.50 ($23.77). The company has a debt-to-equity ratio of 81.74, a current ratio of 1.04 and a quick ratio of 0.04. The company has a market capitalization of $39.24 billion and a P/E ratio of 12.15.

The business also recently announced a dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 22nd will be paid a GBX 16.45 ($0.21) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a yield of 1.15%. Prudential’s dividend payout ratio (DPR) is presently 0.40%.

Prudential Company Profile

Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

Read More: Return On Assets

Analyst Recommendations for Prudential (LON:PRU)

Receive News & Ratings for Prudential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit